[text] Ray Dalio Changes Stance on China, Says Time to Get Out (WSJ/BI)

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The Chinese stock market just lost another friend. Bridgewater, which has $169 billion (£108 billion) under management and was one of the last bulls on China, is reversing its stance, according to a report in The Wall Street Journal. “Our views about China have changed,” Bridgewater’s founder, Ray Dalio, told clients earlier this week, according to The Journal. “There are now no safe places to invest.” He thinks the unraveling stock market will kill China's economic growth.

[text] Ray Dalio Changes Stance on China, Says Time to Get Out (WSJ/BI)